Buy Pipavav, sell Reliance Power

Government decision of introducing import duty on power equipment for major power projects is expected to negatively impact Reliance Power as it is planning to set up nearly 28,000 mw of power plants using imported Chinese equipment.

Reliance Power is planning to set up nearly 28,000 mw of power plants using imported Chinese equipment. AFP

Pipavav Shipyard (Buy above Rs 80, target of Rs 85)

Pipavav announced a post market closing on Wednesday that it will be setting up a joint venture with Airbus to start an MRO service in the country. The stock can react positively to this piece of news.

Sterling Holiday (Buy above Rs 95, target of Rs 100)

News of Sterling Hotels being bought by investor Rakesh Junjhunwala and RK Damani, who have invested a little over Rs 80 crore for a 14 percent stake, is likely to see buying at the counter in opening trades.

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